Accounting for equity investments Money Man Investments completed the following transactions during 2018:
Jun.14 Purchased 400 shares of technomite stock, paying $56 per share. The investment represents 25% ownership in technomites voting stock and money man has significant influence over Technomite. Money Man intends to hold the investment for the indefinite future.
Aug. 22 Received a cash dividend of $0.27 per share on the Technomite stock.
Dec. 31 Technomite's current market value is $51 per share.
31 Technomite reported net income of $180,000 for the year ended 2018.
Requirements:
1. Journalize Money Man's transactions.
2. Classify and prepare partial financial statements for Money Man's 25% Technomite investment for the year ended December 31, 2018.

Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

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